Entries for StockInvestments, Dividends, and Sale of Stock

Entries for Stock Investments, Dividends, and Sale of Stock Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year: Feb. 2 Purchased for cash 1,200 shares of Wong Inc. stock for $62 per share plus a $600 brokerage commission. Mar. 16 Received dividends of $0.30 per share on Wong Inc. stock. June 7 Purchased 750 shares of Wong Inc. stock for $72 per share plus a $375 brokerage commission. July 26 Sold 1,400 shares of Wong Inc. stock for $77 per share less a $700 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold. Sept. 25 Received dividends of $0.40 per share on Wong Inc. stock. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Feb. 2 Mar. 16 June 7 July 26 10 0 0 10 0 0